7R has finalized the divestment of a four-building prime logistics complex in Poland to CBRE Investment Management in an off-market transaction
CBRE Investment Management (CBRE IM) has acquired Building D in the 7R Park Beskid I logistics centre. The building offers 13,800 sqm GLA and is fully let to two tenants. 7R has now sold all four buildings which make up 7R Park Beskid I and comprise a total GLA of 58,300 sqm to CBRE Investment Management.
Developer 7R previously sold buildings A and B offering a total GLA of 29,000 sqm and building C comprising 15,500 sqm GLA in 2019 and 2020 respectively to CBRE Investment Management.
7R Park Beskid I logistics centre is located in Czechowice-Dziedzice in the Silesia submarket in Poland. The park benefits from its close proximity to the Czech and Slovak borders and direct access to the national motorway No.1.
7R Park Beskid I logistics centre is a great addition to our portfolio with its diversified income stream, strong tenant mix and high standard of construction including solid ESG credentials. We are grateful to 7R for the successful cooperation during the delivery of 7R Park Beskid I logistics centre and look forward to future partnerships together.
Christina Forrest
Head of EMEA Direct Logistics Strategies, CBRE Investment Management
All four assets of the 7R Park Beskid I logistics centre have been fully let since acquisition. 7R Park Beskid I centre has a diversified tenant mix of 10 international and national companies, including logistics operator Raben, parcel shipping company DPD, global furniture fabrics manufacturer Davis Fabrics and dental and prosthetic supplier Marrodent.
We are pleased to have built a solid, long-term partnership with CBRE Investment Management as evidenced by our successfully completed joint off-market transaction of four A-class warehouse assets. It has been very satisfying to be able to once again contribute to the expansion of CBRE Investment Management’s logistics portfolio with our fourth facility in Poland. In the last three years, we have provided our partner with profitable assets, constructed in accordance with ecological and ESG standards. Based on this experience, I look forward to further opportunities with CBRE IM.
Łukasz Jachna
Chief Capital Markets Officer, Member of the Board at 7R
7R Park Beskid I logistics centre offers ecological and energy efficient solutions, as well as high standards of fire protection. It is BREEAM certified “Good”.
During the divestment process of 7R Park Beskid I logistics centre, 7R was advised by KKW. CBRE Investment Management was advised by Linklaters, Arcadis, Crido and Riskonet.
